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Interest rates will be higher for longer?, page-37

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blueballs

19,727 Posts.

483

05/05/24

16:44

Post #: 73672632
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Originally posted by cowcockie ↑

I’m not sure if that is entirely true.
We were paying off a property during the horrendous years of high interest rates.
Rarely went out to eat, never had takeaways and very few holidays.
The young ones today certainly know how to spend.
If it wasn’t going on the mortgage they would be spending on cars, clothes., restaurants and holidays.
It must be having some impact on discretionary spending.
Personally, I think that this persistent inflation is mostly due to reckless Government spending in nearly every country around the world.
Wonder what’s going to happen when the chickens come home to roost.

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Your opinion means little, boomer are spending like drunken sailors

Glad the 700 bill in debt we racked up to save their wrinkly arses has made them so rich, why should they give anything back...they think they are "enittled" to everything
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